Form 4: Richard R. West Receives Deferred Stock Units in Alexanders Inc.

Director Richard R. West received a grant of 357 Deferred Stock Units in Alexanders Inc. on May 23, 2024, which will vest immediately but are not deliverable until May 1, 2029.

Summary

• On May 23, 2024, Richard R. West, a director of Alexanders Inc., received a grant of 357 Deferred Stock Units.
• These units entitle him to an equivalent number of shares of Common Stock without any payment.
• The Deferred Stock Units vest immediately.
• The Common Stock underlying the Deferred Stock Units is generally not deliverable until May 1, 2029.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The grant of Deferred Stock Units aligns the director's interests with the long-term performance of the company.

Future Outlook

The Deferred Stock Units will convert to common stock on May 1, 2029.

Industry Context

Granting deferred stock units is a common practice to incentivize and retain key personnel, aligning their interests with the long-term success of the company.

Comparison to Industry Standards

• Deferred stock units are a common form of executive compensation, similar to restricted stock units (RSUs) used by companies like Apple, Microsoft, and Google.
• The vesting and delivery schedules are typical, with vesting periods designed to retain employees and align their interests with shareholder value.

Stakeholder Impact

• Shareholders may view the grant of Deferred Stock Units positively as it aligns the director's interests with the company's long-term performance.

Key Dates